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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7001 Eastern Ave Oklahoma City, OK 73149-5224

    • Office Properties & Spaces
    • 2,400 SF
    • 13.18 lot acres
    OFF-MARKET
    Value Estimations
    $410,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US69-0210311
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • TRC Rod Services of Oklahoma Inc / Professional Services

    Property Details for 7001 Eastern Ave

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    13.18 lot acres
    Property size
    2,400 SF
    Property type
    Office Properties & Spaces
    APN
    12-630-1430
    APU
    126301430

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $550,000
      6.5%
      $510,000
      7%
      $475,000

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $340,000
      Current use
      MEDICAL BUILDING
      $375,000
      Change: +10% Conversion: Easy
      AUTO REPAIR, GARAGE
      $355,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $310,000
      Change: -9% Conversion: Easy
      RETAIL STORES
      $295,000
      Change: -13% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $270,000
      Change: -20% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oklahoma City
    County
    Oklahoma
    State
    Oklahoma
    Longitude
    -97.4786
    Latitude
    35.3945
    CBSA code
    36420
    CBSA name
    OKLAHOMA CITY, OK METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $29,578
    $83,945
    $166,018
    $249,963
    -
    $763,140
    $1,509,258
    $2,272,398

    Comparable in this City

    • Value Estimation
      $195,000
      640 SF

      8600 Shields Blvd

      OFFICE (GENERAL) • 640 SF
      8600 Shields Blvd, Oklahoma City, OK 73149-3022
      View Details
    • Value Estimation by Request
      72,000 SF

      6440 Santa Fe Ave

      Churches & religious facilities • 72,000 SF
      6440 Santa Fe Ave, Oklahoma City, OK 73149
      View Details
    • Value Estimation
      $120,000
      1,140 SF

      925 62nd St

      OFFICE (GENERAL) • 1,140 SF
      925 62nd St, Oklahoma City, OK 73149-2336
      View Details
    • Value Estimation
      $2,055,000
      3,036 SF

      7601 Shields Blvd

      OFFICE (GENERAL) • 3,036 SF
      7601 Shields Blvd, Oklahoma City, OK 73149-1629
      View Details
    • Value Estimation
      $305,000
      1,500 SF

      7820 Shields Blvd

      OFFICE (GENERAL) • 1,500 SF
      7820 Shields Blvd, Oklahoma City, OK 73149-1626
      View Details
    • Value Estimation
      $325,000
      384 SF

      8520 Bryant Ave

      OFFICE (GENERAL) • 384 SF
      8520 Bryant Ave, Oklahoma City, OK 73149
      View Details

    Similar Nearby for Sale

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      Oklahoma City Warehouse For Sale

      Well-maintained warehouse in Oklahoma City with recent HVAC upgrades.
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    • $3,464,653

      Oklahoma City Development Land Available

      Available land parcels suitable for industrial or retail development.
      8420 S Bryant Ave, Oklahoma City, OK 73149
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    • Contact for pricing
      584,448 SF

      Oklahoma City Distribution Center

      Massive industrial space, ideal for distribution.
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    • $625,000
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      Oklahoma City Industrial Land

      5 Acres, I-2 Zoning, Turnkey Development
      220 S.E. 79th Street, Oklahoma City, OK 73149
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    • $689,990
      57 SF

      58.55 Acres Development Land

      Development land suitable for retail, industrial, or storage.
      S Bryant Ave, Oklahoma City, OK 73149
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    • $3,464,653
      35.35 Acres

      Oklahoma City Industrial Land

      35.35 Acres, I-2 Zoning, Prime Location
      S.E. 89th Street & S. Bryant Avenue, Oklahoma City, OK 73149
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      22,584 SF

      Oklahoma City Office Space Available

      Office space with ample parking and high visibility available for rent.
      1115-1119 SE 66Th St, Oklahoma City, OK 73149
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    • $10 SF/Yr
      11,200 SF

      Crossroads Plaza: Retail Center

      Oklahoma City retail space for lease
      1025 SE 66TH STREET | Oklahoma City, OK 73149, Oklahoma City, OK 73149
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    • $10 SF/Yr
      3,575 SF

      2,985 SF & 3,575 SF Industrial Space For Lease - 6501 Superior Avenue

      2,985 SF & 3,575 SF Industrial Space For Lease - 6501 Superior Avenue
      6501 Superior Avenue, Oklahoma City, OK 73149
      View Details
    • $10 SF/Yr

      Polaris Drive Warehouse Space

      Warehouse space available near I-35 and I-240.
      9011 Polaris Dr, Oklahoma City, OK 73149
      View Details
    • $650,000
      13,633 SF

      Industrial Buildings on Shields Boulevard

      Two industrial buildings totaling 13,633 SF on 1.43 acres.
      6201 S Shields Blvd, Oklahoma City, OK 73149
      View Details
    • $8 SF/Yr
      8,052 SF

      Industrial Property with I-35 Frontage

      8,052 SF industrial space with easy highway access.
      6209 I 35 Service Rd, Oklahoma City, OK 73149
      View Details
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    7001 Eastern Ave
    Oklahoma City, OK 73149-5224
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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